Exercise 10-58 Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 10-5) A company has the following transactions during the year related to stockholders' equlty February 1 Issues 5,800 shares of no-par common stock for $14 per share. May 15 teses 400 shares of $10 par valon, 11:51 preferred stock for $11 per share. October 1 Declaren a canh dividend of $1.15 per share to all stockholders of record (both common and preferred on October 15 October 15 Date of record. October 31 vaya the cash dividend declared on October 1. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account field.) " View transaction that Journal entry worksheet 1 2 3 Record the issuance of 5,800 shares of no-par common stock for $14 per share. Hat Enter debits before res Date General Journal Debit Crud February 01 Ronday Cherry Vwwww Exercise 11-10B Prepare a statement of cash flows-indirect method (LO11-3, 11-4, 11-5) The balance sheets for a company, along with additional information are provided below. balance sheets December 31, 2021 and 2020 2021 2020 $ 112,750 78,400 96,000 4,200 $ 122,800 92,500 80,900 2,100 485,000 485,000 794,000 675,000 (429,000) (270.000) $1,141,350 $1,188,300 Asset Current assets Cash Accounts receivable Inventory Prepaid rent Long-term assets Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities Notes payable Stockholde equity Common stock Retained earnings Total liabilities and stockholders' equity $ $100,000 6,150 8.200 B9,900 12,300 5,100 102.500 205.000 705.000 219,500 51.141,350 705,000 175,000 51,188,300 Additional Information for 2021: 1. Net Income is $70,000 2. The company purchases $119,000 in equipment. 3. Depreciation expense is $159,000 4. The company repays $102,500 in notes payable. 5. The company declares and pays a cash dividend of $25,500. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities